As more customers consider OneStream for their Corporate Performance Management (CPM) needs we are frequently being asked questions like:
How are other customers using OneStream?
We know how we do "X", but what have you seen other companies do to make "X" better/easier/faster in OneStream?
We want to do "Y", but we aren't sure what it would mean to do "Y" in OneStream?
These questions apply to a wide range of topics. In this and future webinars we will review what Finit has helped companies "do" in regards to the following topics using OneStream:
Automating / Streamlining Cash Flow Reporting
Integrating Multiple Charts of Accounts
Functional versus Natural Account Reporting
Rolling / Seeding Forecasts
Bridge and Variance Analysis
Acquisition Reporting
Multiple Currency Reporting
Hear how Finit has helped companies approach these topics and helped them design and implement solutions that allow them to maximize their OneStream investment.
Presenter: Jay Hampton
www.finitsolutions.com
8. Our Company
• Founded in 2002
• 80 employees in 21 states
• We provide solutions and support during and
after implementations.
• 100 % Project Success Rate Across:
• 235+ Clients (19 OneStream)
• 450+ Projects (25 OneStream)
• All Finit owners are actively involved in Finit’s
operations
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15. Multiple CoA Overview
• CoA – Chart of Accounts
• ERP/GL CoA
• Management Reporting CoA
• External Reporting CoA
• Multiple CoA Key Points:
• Multiple CoA
• Local CoA v. Corporate CoA
• Unique base accounts
• Alternative CoA
• External CoA v. Management CoA
• Utilizes the same base accounts but rolls them up differently
• Metadata maintenance is an important consideration – having
Local CoA’s means adding all of those elements and having good
governance and communication.
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16. Multiple CoA Possibilities
• Stage stores local GL detail and provides some analysis
options.
• A single cube could be used to store all Chart of
Accounts.
• Adding Local CoA’s as separate cubes inside OneStream.
• If full robust reporting is required at the Local CoA level of detail,
having a separate analytical cube best facilitates that.
• Extend the Corporate CoA to add the majority of the
detail the local users need.
• Having a single Chart of Accounts at a level that can be global
while still providing the majority of local reporting needs can
reduce the need for separate cubes and help with the
governance challenges of multiple cubes.
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27. Variance/Bridge Overview
• Explanation of change from one period to another
• Variance/Bridge Key Points:
• OneStream has a pre‐built dimension used to store activity (Flow
Dimension)
• Bridge ‘categories’ can be defined and stored in a custom
dimension and can be added and applied across the accounts
required.
• If bridge detail is calculated / input on parent reporting sub‐
totals, separate accounts will be needed.
• Parent accounts are calculated from children and cannot be input
on.
• Statistical bridge accounts for entry can be created if necessary.
• If input is required, forms or Excel templates can be setup and a
workflow can be entered in.
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35. Modeling / Acquisition Overview
• Ability to view data with/without Acquisition or some
other activity
• Modeling / Acquisition Key Points:
• The basis of the item to be ‘excluded’ drives the design
approach.
• For example, if acquisitions can be determined by looking at the
Entity only, alternative entity hierarchies could be created to
exclude acquisitions.
• If it can not be defined by some element inside OneStream (i.e.
Entity, Cost Center, etc..) we have to look to understand what
determines the excluded item and how the data can be sourced
and mapped into OneStream.
• The reporting treatment also determines the design
• Should acquisitions be excluded for just a certain time period or for
all of time?
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40. Forecast Overview
• Forecast Key Points:
• Forecast data can be entered either through a web form inside
OneStream or via Excel templates that pull data from OneStream.
• The items related to seeding apply to this and we have seen 3
approaches:
• Start with Latest Actual + budget for forecast months
• Start with Latest Actual + prior forecast for forecast months
• Start with Latest Actual + no data for forecast months (Zero based)
• The definition of the Rolling Forecast is important
• Is the forecast period always 18 months out (i.e. 3 months of Actual data +
18 months of forecasted periods, 6 months of Actual data + 18 months of
forecasted periods).
• Or is the period always 18 months in total (i.e. 3 months of Actual data + 15
months of forecast periods, 6 months of Actual + 12 months of forecast
periods).
• The level of detail of where Forecast is planned is important to
understand.
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44. Driver Based Planning Overview
• Driver Based Planning Key Points:
• Companies that adopt driver based planning either put the
drivers inside their CPM system or keep drivers outside in excel
templates and load the end results.
• Excel based drivers tend to be utilized when non‐licensed planners
are involved or if a large number of unique local drivers exist.
• System based drivers tend to be utilized to drive standardization as
well as when the planners all are CPM users.
• OneStream drivers are calculations of logic and they have the
flexibility to be done globally or locally.
• We combined allocations with this topic and allocations differ by
those that cross entity (allocate corporate costs to entities) or
ones that spread data on an entity (allocate operating expenses
on an entity down to product / customer based on sales).
• The biggest challenge to driver based planning is standardization
and flexibility.
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50. Intercompany Approach
• Define Intercompany Accounts and Relationships
• Netted / Gross approach
• Matching accounts and location of plug account
• Define Intercompany Trading Partner basis (Legal Entity,
Profit Center, etc..)
• Finalize elimination requirements
• Process Items:
• Review ability for source systems to map / load to Intercompany
accounts and trading partners and need for a manual template
• Review when Intercompany Submission will exist
• Review responsibilities of data loaders related to Intercompany
during the close process.
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52. See you in 2016…..
• Future Webinars:
• OneStream: What’s Possible – Part II
• Deeper dive / demo of topics covered in this webinar
• Splash 2016 in Austin, TX
• http://www.onestreamsoftware.com/splash/
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Presenter:
Jay Hampton
jhampton@finitsolutions.com
General Questions:
Greg Barrett
gbarrett@finitsolutions.com
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